AGM Details

The 25th Annual General Meeting is scheduled to be held on Wednesday, 30th September, 2026 at 10:00 a.m. at the registered office of the Company at Office No.1, E Wing, 1st Floor, Nandanvan Apartment, Kandivali Link Road, Opp. Laljipada Police Chowki, Kandivali (West), Mumbai 400067.

E-Voting Facilities

The Company is providing e-voting facility through CDSL for all resolutions proposed at the AGM. The remote e-voting period commences on Sunday, 27th September, 2026 (9:00 a.m.) and ends on Tuesday, 29th September, 2026 (5:00 p.m.). The cut-off date for voting is Wednesday, 23rd September, 2026.

Business to be Transacted

Ordinary Business:

1. To receive, consider and adopt the Audited Balance Sheet as at 31 March 2026, Statements of Profit and Loss, Cash Flow Statement for the year ended 31 March 2026 and Reports of Directors and Auditors

2. To appoint a Director in place of Mrs. Niddhi Shah (DIN: 11017302) who retires by rotation

Special Business:

3. Re-appointment of Mr. Dipesh Maru (DIN 09338263) as an Independent Director for a second term of 5 consecutive years (Special Resolution)

Financial Performance Summary (₹ in lakhs)

| Particulars | Year ended 31st March 2026 | Year ended 31st March 2025 |

| Sales & other Income | 208.86 | 130.51 |

| Expenditure | 203.93 | 124.92 |

| Profit/(Loss) before tax | 4.93 | 5.59 |

| Tax | 1.41 | 1.55 |

| Profit/(Loss) after tax | 3.52 | 4.04 |

Share Capital Changes

The authorized share capital is ₹14,00,00,000 divided into 1,40,00,000 Equity Shares of ₹10 each. The paid-up share capital increased from ₹10,05,20,000 to ₹11,87,60,000 during the year through conversion of 18,24,000 warrants issued on preferential basis:

  • 6,00,000 shares allotted on 30/04/2025
  • 6,68,000 shares allotted on 05/05/2025
  • 5,56,000 shares allotted on 08/05/2025

Dividend Declaration

No dividend recommended on equity shares for the year under review.

Director Changes

  • Mrs. Niddhi Shah retires by rotation and offers herself for re-appointment
  • Mr. Krunal Shah resigned as Company Secretary and Compliance Officer effective 15.05.2026
  • Mr. Dipesh Maru proposed for re-appointment as Independent Director for second term (October 1, 2026 to September 30, 2031)

Corporate Governance

All Independent Directors have given declarations meeting independence criteria under Section 149(6) of Companies Act, 2013. The Board held 9 meetings during the year. The Company has adopted various policies including Code of Conduct, Whistle Blower Policy, and Prevention of Insider Trading Policy.

Key Financial Position (as at March 31, 2026)

  • Reserves & Surplus: ₹889.68 lakhs (previous year: ₹685.52 lakhs)
  • Cash and Bank Balance: ₹36.50 lakhs
  • Trade Receivables: ₹54.45 lakhs
  • Investments: ₹1,044.00 lakhs
  • Total Assets: ₹2,216.38 lakhs

Utilization of Preferential Issue Proceeds

The Company raised ₹2,87,28,000 through preferential allotment to non-promoters for investment in new business, working capital requirements, and general corporate purposes. The entire amount was utilized as of 30th September, 2025.

Related Party Transactions

All related party transactions were on arm's length basis. The Company had loan transactions with Mr. Rajul Shah (Managing Director) amounting to ₹21.16 lakhs received and ₹29.42 lakhs repaid during the year.

Other Disclosures

  • All equity shares are in dematerialized form with ISIN INE155R01018
  • No material fraud reported by auditors
  • No deposits accepted within meaning of Sections 73 and 76 of Companies Act, 2013
  • No subsidiary companies
  • No CSR obligation as not applicable to the Company
  • Company enjoys cordial industrial relations

Voting Results Timeline

The results of voting will be declared within 2 working days from conclusion of AGM. The declared results along with Scrutinizer's Report will be available on Company's website www.jetsolarlimited.com and CDSL website www.evotingindia.com.